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Australia's Perpetual falls on lower assets under management



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** Shares of Perpetual PPT.AX fall as much as 3.7% to A$21.900, set to drop the most since May 8 - if current losses hold

** Financial services co says its total assets under management (AUM) stood at A$215.0 bln ($142.09 billion) as of June 30, compared with A$227.4 bln as of March 31

** Co expects FY24 expense growth to be at the lower end of its previous guidance range of 32%-34% growth

** Stock hits its lowest level since July 11

** Stock down 10.7% this year, as of last close


($1 = 1.5131 Australian dollars)



Reporting by Rajasik Mukherjee in Bengaluru

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